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Introduction
Unilex Colours and Chemicals IPO, valued at Rs 31.32 crores, is a book-built issue with 36 lakh fresh shares.
The Unilex Colours and Chemicals IPO subscription commences on September 25, 2024, and concludes on September 27, 2024. The allotment of the IPO is anticipated to be finalized on Monday, September 30, 2024. Unilex Colours and Chemicals IPO will be listed on the National Stock Exchange (NSE) Small and Medium Sized Enterprises (SME) on Thursday, October 3, 2024.
The price band for Unilex Colours and Chemicals IPO ranges from Rs 82 to Rs 87 per share, with a minimum lot-size of 1600 shares for retail investors. Retail investors must make a minimum investment of Rs 1,39,200, while high net worth individuals (HNIs) need to invest in 2 lots (3,200 shares), amounting to Rs 2,78,400.
Hem Securities Limited is the book-running lead manager for the Unilex Colours and Chemicals IPO. Link Intime India Private Ltd is the registrar for the issue. Hem Finlease is the market maker.
Unilex Colours & Chemicals Ltd IPO details
Summary of the Unilex Colours and Chemicals IPO
| Particulars | Details |
| IPO Date | September 25, 2024 to September 27, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 82 to Rs 87 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 36,00,000 shares (aggregating up to Rs 31.32 Crores) |
| Fresh Issue | 36,00,000 shares (aggregating up to Rs 31.32 Crores) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 1,00,17,000 |
| Shareholding post issue | 1,36,17,000 |
| Market Maker portion | 192,000 shares (by Hem Finlease) |
Timeline of major events
| Particulars | Details |
| IPO Open Date | Wednesday, September 25, 2024 |
| IPO Close Date | Friday, September 27, 2024 |
| Basis of Allotment | Monday, September 30, 2024 |
| Initiation of Refunds | Tuesday, October 1, 2024 |
| The credit of Shares to Demat | Tuesday, October 1, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
Different Investor categories and shares offered to them
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Lot size, shares applied by Investors and their value
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,600 | Rs 1,39,200 |
| Retail (Max) | 1 | 1,600 | Rs 1,39,200 |
| HNI (Min) | 2 | 3,200 | Rs 2,78,400 |
Unilex Colours & Chemicals Ltd IPO GMP
Unilex Colour and Chemical Limited SME IPO’s grey market premium (GMP) is yet to start. It will be updated on the website as soon as it starts.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 20-09-2024 | 87 | Rs 0 | — | Rs 87 (0%) | 20-09-2024, at 10:30:00 hrs IST |
| 19-09-2024 | 87 | Rs 0 | — | Rs 87 (0%) | 19-09-2024, at 23:29:00 hrs IST |
Unilex Colours & Chemicals Ltd company details
Established in March 2001, Unilex Colours and Chemicals Limited manufactures food colours and trades pigments.
The company sells its products under the trademarked name “Unilex” and caters to domestic and international markets, offering diverse pigment solutions for various sectors.
Situated in Palghar, Maharashtra, the company’s manufacturing facility covers an area of 1275 square meters and is equipped with a variety of machinery, including Ball Mill, Root Blower, Silo, Reaction Steel Vessel, Brick Lined Vessel, Rubber Lined Vessel, Drying Vessel, Spin Flash Dryer, Ribbon Blender, Air Classifier Mill, Air Blender, and Filter Press.
The company’s manufacturing plant is certified with ISO 9001:2015 for quality management in producing pigments, food dyes, and drug intermediates.
The company’s product range encompasses a wide variety of pigments, such as Pigment Green -7, Pigment Middle Chrome, Pigment Violet 23 & 27, and Ultramarine Blue, sourced from different third-party manufacturers to meet the specific needs of its customers.
The company provides a range of packaging options, including multi-layer paper bags, corrugated boxes, HDPE and HDPE-coated bags, multi-layer liners and HM covers, wooden pallets, and jumbo bags.
The company’s manufacturing revenue in fiscal 2024, 2023, and 2022 was Rs 6,652.17 lakhs, Rs 7,455.21 lakhs, and Rs 8,487.51 lakhs, respectively, contributing 46.24%, 53.48%, and 58.42% of the total revenue.
The company exports its products to several countries, including Vietnam, Brazil, Mexico, Nigeria, Russia, Turkey, the Netherlands, Poland, China, Spain, Malaysia, Thailand, the United Arab Emirates, and Uzbekistan.
Unilex Colours & Chemicals Ltd company financials
Extract from the financial statements from the past three financial years
| Particulars | As of 31-03-2024 (Rs in lakhs) | As of 31-03-2023 (Rs in lakhs) | As of 31-03-2022 (Rs in lakhs) |
| Assets | 9,068.35 | 7,072.31 | 7,669.84 |
| Revenue | 14,932.88 | 14,441.84 | 15,156.73 |
| Profit After Tax | 616.67 | 497.07 | 471.17 |
| Net Worth | 3,686 | 3,202.89 | 2,805.98 |
| Reserves and Surplus | 2,684.30 | 2,868.99 | 2,472.08 |
| Total Borrowing | 2,161.40 | 1,166.83 | 1,135.09 |
Key ratios
| KPI | Values as of March 31, 2024 |
| ROE | 17.93% |
| ROCE | 6.32% |
| Debt/Equity | 0.59 |
| RoNW | 16.73% |
| PAT Margin (%) | 4.29 |
Where, KPI stands for Key performance indicator. ROE stands for return on equity. ROCE stands for return on capital employed. RoNW stands for return on net worth, and PAT stands for profit after tax.
The market capitalisation of Unilex Colour & Chemical Ltd is Rs 118.47 crores.
Unilex Colours & Chemicals Ltd IPO RHP
The Red herring prospectus of the company describes related to its IPO, which are stated as below.
Risks related to Sales
Most of the company’s income comes from the sales of the company’s top five products. It could hurt its business, financial situation, and operational results if it loses customers who buy these products or significantly decreases production, sales, or demand. More importantly, it could endanger its prospects.
Risks related to the third-party vendors
There’s a risk related to the company’s dependence on third-party vendors for its products. Potential risks are associated with delays or failures in product delivery, especially when no long-term contracts exist with those third-party suppliers.
The company’s challenges in securing a stable and predictable supply of products and the potential impact on sales, costs, and reputation if suppliers fail to adhere to agreed timelines. Additionally, no such instances have occurred in the past.
Risks related to manufacturing processes
The business is heavily dependent on the manufacturing of its products. Any disruption related to the manufacturing activities may cause hinderance in its business operation. There could be slowdown or shutdown related to manufacturing processes. There are also probable chances of strikes, work stoppages and/or increased wage demand for the labourers. These situations may have hurt the business operations, and financial condition of the business.
Risks related to non-compliance activities
The company needs to adhere to the rules of the Registrar of the Companies and provisions of the Companies act, 1956/2013. Some of the company’s records can’t be traced. Any penalty related to it could impact the reputation and financial position of the company in the future.
Frequently Asked Questions (FAQs)
Who are the Unilex Colours & Chemicals Ltd competitors?
Seigwerk India Private Limited, Sudarshan North American INC, Lanxess India Private Limited, etc. are the import competitors of Unilex Colour & Chemical Ltd.
What is the Unilex Colours & Chemicals Ltd share price?
The share price of Unilex Colour & Chemical Limited ranges from Rs 82 to Rs 87 per share.
What is the Unilex Colours IPO face value per share?
The face value is Rs 10 per share for Unilex Colour IPO.
What is Unilex Colours & Chemicals Ltd IPO Lot size?
The minimum lot size for retail investors consists of 1600 shares for is Unilex Colour & Chemical Ltd IPO.
Mention the Unilex Colours & Chemicals Ltd IPO’s Opening date & closing date.
The opening and closing dates of Unilex Colour & Chemical Ltd IPO are Wednesday, September 25, 2024, and Friday, September 27, 2024, respectively.
Who is the registrar of the Unilex Colours & Chemicals Ltd IPO?
The registrar of the Unilex Colour & Chemical Ltd IPO is Link Intime India Private Ltd.
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